Sunday, February 18, 2018

Deficit hawks no more

I thought
that the Republic party was the party of the discipline or so they billed
themselves to be that way. They were
deficit hawks and fiscal conservatives who would hold onto making government
small and as such deficits even smaller or even balance the budget if and when
they get the government. So here we are after one year of complete Republic
party rule and what have we got, besides cutting some things here and there
like the tax reform bill or some low income supported program which would have
not busted the budget but helped poor Americans get by, the newest budget sent
to congress is bigger than ever with outlays for defense increase-a signature
of Republic party who also have make the Americans believe they are strong on
defense. And the tax reform bill that passed the Congress increased the deficit
over 10 years to more than one trillion dollars and counting.

I also
read that deficit as seen by the Republicans is not as important as it was
before as they are likely to keep on increasing the burden of debt accumulation
solely on the shoulders of the American public. And this debt burden cannot be
now solely blame on Democrats policy as the Republicans compete with them to
have an equal share in this increase in deficit and debt. And with pet projects
of law makers and also of the President high on the list of must do approvals
in the budget and the money to go around not enough, it seems that the only way
is to issue more debt and that is how the United States will seem to be
carrying out its business affairs far into the future.